Six Forty Corp

Analysis

Six Forty Corp is a registered charity in United States, based in Fincastle, VA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Six Forty Corp reported income of $314k and spending of $114k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to June 2024, income grew from $9,200 to $314k (+3315%), an average of +3315% a year. The sharpest change came in the year to June 2024, when income rose by 3315%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Six Forty Corp sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include The Commons Foundation ($314k), KCBS Advance Academy Inc ($314k) and Franklin High School Band Boosters Inc ($314k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $702k against liabilities of $112k, net assets of $590k.